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Action

Notice Of Proposed Reinstatement Of Terminated Oil And Gas Lease.

Summary

The Bureau of Land Management (BLM) received a petition for reinstatement of oil and gas lease COC67396 from Julander Energy Company, for lands in Moffat County, Colorado. The petition was filed on time and was accompanied by all the rentals due since the date the lease terminated under the law.

The lessee has agreed to the amended lease terms for rentals and royalties at rates of $10 per acre or fraction thereof, per year and 162/3percent, respectively. The lessee has paid the required $500 administrative fee and $163 to reimburse the Department of the Interior for the cost of this Federal Register notice. The lessee has met all the requirements for reinstatement of the lease as set out in Section 31(d) and (e) of the Mineral Lands Leasing Act of 1920 (30 U.S.C. 188), and the BLM is proposing to reinstate lease COC67396 effective July 1, 2009, under the original terms and conditions of the lease and the increased rental and royalty rates cited above.